A CIBC report examines Covid effects
Economists believe jobs market kept economy from slipping into downturn
Drop in participation means unemployment unchanged from June
Payroll employment dipped as job vacancies remain high
Jobless rate remains at record low, and below pre-pandemic levels in most countries
The loss in jobs was driven by a decline in self-employment, according to Statistics Canada
Strong U.S. jobs numbers could spur more Fed hikes
By historical standards, the contraction is expected to be short-lived
Payroll stats returned to or exceeded level of February 2020
Young, poorly educated workers still find it tough to get jobs